Clients of regulated entities will have a free alternative dispute resolution for grievances against credit information companies.
October 8, 2022The NBFCs are directed to put in place a board approved policy for adoption of the RBI's enhanced regulatory framework for NBFCs within 24 months.
October 5, 2022Tier 4 UCBs and tier 3 urban cooperative banks are directed to appoint a chief compliance officer by 1 April 2023 and 1 October 2023, respectively.
September 25, 2022The three initiatives have the potential to revolutionise the digital payments ecosystem, said NPCI.
September 24, 2022The bank is no longer in breach of the PCA parameters based on figures for the year ended 31 March 2022, the RBI said.
September 22, 2022Russia still has to identify its own corresponding banks to help facilitate trade with India, but this is expected to be announced in the next two weeks.
September 16, 2022The RBI lists 34 FX trading platforms it says are not authorised to operate in India. The list include FXCM, XTB, TD Ameritrade, eToro, and IG Markets.
September 13, 2022At least five Indian banks are reportedly in talks with Singapore's DBS regarding the PayNow-UPI linkage, which was initially meant to launch in July 2022.
September 12, 2022The Enforcement Directorate said digital loan app providers involved in extortion and harassment of members of the public are controlled and operated by Chinese persons.
September 7, 2022The guidelines are applicable to existing customers availing fresh loans and new customers getting onboarded. Existing digital loans must be in compliance by 30 November.
September 6, 2022